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Gary Dunn, Capital Source Bank’s VP CRA, is a member of the Board of Directors for EFPN, serving as Treasurer. [11] CapitalSource Bank was awarded a Bank Enterprise Award from the Community Development Financial Institutions Fund by the U.S. Treasury Department for its investment in low-income and economically distressed communities in ...
Straight-through processing exists in numerous areas of financial services, such as payments processing. [2] [3] [4]Payments may be non-STP due to various reasons [5] such as missing information, information which is not in a machine "understandable" form (such as name and address rather than a code), or human-readable instructions, e.g.
In July 2013, Vantiv announced an agreement to acquire privately held Element Payment Services. [17] Element is a provider of fully integrated PCI DSS compliant payment processing solutions for merchants and business management software providers. [18] On May 12, 2014, Vantiv confirmed a $1.65 billion acquisition of Mercury Payment Systems LLC ...
In 1995, the company merged its merchant processing services with those of Visa Inc. [6] In August 2004, the company acquired Clarity Payment Solutions for $53 million. [7] In 2007, Synovus completed the corporate spin-off of TSYS. [8] In July 2004, the company began processing the credit cards issued by J.P. Morgan Chase. [9]
2014 also saw the launch of the Payanywhere Storefront, and the acquisition of Rapid Capital Funding, Electronic Payment Exchange, and Argus Payments (which changed its name to Inovio in 2016). In 2016, North reached 1,000 employees for the first time. In 2017, the company acquired Total Merchant Services.